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Splash Beverage Group, an innovator in the beverage industry, owns a growing portfolio of alcoholic and non-alcoholic beverage brands including Copa di Vino wines by the glass, SALT flavored tequilas, Pulpoloco sangrías, and TapouT performance hydration and recovery drinks. Splash’s strategy is to rapidly develop early-stage brands already in its portfolio as well as acquire and then accelerate brands that have high visibility or are innovators in their categories. Led by a management team that has built and managed some of the top brands in the beverage industry and led sales from product launch into the billions, Splash is rapidly expanding its brand portfolio and global distribution.
Splash Beverage Group represents a unique and compelling opportunity through its powerful combination of experienced leadership, innovative product offerings, and expansive market penetration. The Company's revenues were up 22% in the nine months ended September 30, 2023 with year-to-date gross margin of 25%, demonstrating a proven ability to execute. With a seasoned management team boasting 140 years of collective experience in renowned brands (RedBull, Gallo, Diageo, Bacardi, Sparkling Ice, Muscle Milk, Jones Soda, SoBe, Fuze, Bob Marley Beverages), Splash Beverage is driving organic growth as it pursues a strategic acquisition model that seeks to leverage preexisting brand awareness and/or new innovations, positioning the Company at the vanguard of market trends. In September, the Company announced plans to acquire Western Son Vodka, which is expected to be Splash Beverage’s largest acquisition to date. Furthermore, products like SALT, the first 100% Agave flavored Tequila, and TapouT, with its 23 years of brand recognition, showcase the Company's commitment to ingenuity and customer appeal. Splash Beverage's growth is poised to accelerate as it strengthens its relationships with distributors and introduces its expanding portfolio of brands to new national, regional chains, and other sales channels. Three analysts currently cover the stock with buy ratings and price targets between $2.50 and $3.00 per share.
Publicly traded spirits companies command premium valuations relative to other beverage industries due to their superior margin profiles.
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